Abstract
211 estimates of the social cost of carbon are included in a meta-analysis. The results confirm that a lower discount rate implies a higher estimate; and that higher estimates are found in the gray literature. It is also found that there is a downward trend in the economic impact estimates of the climate; that the Stern Review’s estimates of the social cost of carbon is an outlier; and that the right tail of the distribution is fat. There is a fair chance that the annual climate liability exceeds the annual income of many people.
Original language | English |
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Pages (from-to) | 1-24 |
Number of pages | 24 |
Journal | Economics - the Open-Access, Open-Assessment E-Journal |
Volume | 2 |
Issue number | 25 |
DOIs | |
Publication status | Published - 12 Aug 2008 |